Shares of ZEEKR Intelligent Technology Holding Limited (NYSE:ZK – Get Free Report) dropped 9.4% during mid-day trading on Friday . The company traded as low as $28.80 and last traded at $29.25. Approximately 321,962 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 863,068 shares. The stock had previously closed at $32.30.
Analyst Ratings Changes
ZK has been the topic of several research analyst reports. Macquarie assumed coverage on shares of ZEEKR Intelligent Technology in a report on Thursday, October 3rd. They set an “outperform” rating and a $33.00 price target on the stock. CICC Research assumed coverage on ZEEKR Intelligent Technology in a research note on Friday, October 25th. They issued an “outperform” rating and a $31.74 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $32.02.
Get Our Latest Research Report on ZK
ZEEKR Intelligent Technology Stock Performance
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Sandia Investment Management LP acquired a new position in ZEEKR Intelligent Technology in the 2nd quarter valued at $94,000. Barclays PLC grew its position in shares of ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock valued at $211,000 after purchasing an additional 2,097 shares during the last quarter. Green Alpha Advisors LLC acquired a new stake in shares of ZEEKR Intelligent Technology in the third quarter valued at about $219,000. Marshall Wace LLP bought a new position in shares of ZEEKR Intelligent Technology in the second quarter worth about $347,000. Finally, WT Asset Management Ltd acquired a new position in shares of ZEEKR Intelligent Technology during the 3rd quarter worth about $446,000.
About ZEEKR Intelligent Technology
ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.
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